Watch: Why has UK diesel price hit an all time high?

The mean terms of diesel has risen supra £2 a litre successful the UK for the archetypal time, the RAC motoring group reported. Petrol, meanwhile, is soaring to 174.71p a litre on average. The group warned that price rises are "showing nary signs of slowing, heaping much misery onto motorists," the radical said. Separately connected Friday, the G7 nations agreed to merchandise 100 cardinal barrels of lipid to caput disconnected further increases. The BBC's Business Editor Simon Jack explains the rising prices successful in the UK - and however lipid prices around the world impact the cost of petrol and diesel at the pump. More on this story: UK diesel prices apical £2 a litre for archetypal time, RAC says.